Used car export or windward period

"Used cars are becoming the most important endogenous driving force in China's auto market, how to revitalize the stock and stimulate new car sales has become one of the important means to solve the contradiction between the excessive release of production capacity of production enterprises and the relative lack of market demand in China's auto market." At the first China Motor Vehicle Auction Industry Conference in 2023, Xiao Zhengsan, Vice president and secretary-general of the China Automobile Circulation Association, said.

According to the latest data released by the China Automobile Association, from January to August this year, the domestic second-hand car transaction volume was about 11.9 million, an increase of 13.38%. Luo Lei, assistant president of the China Automobile Dealers Association, predicted that the volume of used cars in the country this year may reach 18 million, and the transaction volume is expected to reach 1.2 trillion yuan, which is expected to hit a record high.